Nvidia is well-positioned to weather a potential semiconductor slowdown due to tariff uncertainty, according to analyst Timm Schulze-Melander. The AI chip maker has a top pick rating and a price target of $178, representing 61% upside. Analysts expect corporate narratives to caution on end markets amid macro uncertainty, but Schulze-Melander believes leading-edge AI investments will prove more resilient. Nvidia shares have fallen 20% over the past couple of months due to concerns over President Trump’s tariff policy. However, the analyst notes that a slowdown in AI innovation would pose a greater threat than a US economic decline, which could impact global PC and handset sales.
Source: https://www.cnbc.com/2025/04/15/nvidia-can-survive-tariff-uncertainty-and-is-a-top-pick-says-redburn-atlantic.html